Parkway, which owns 14.6 million square feet of office space in 10 U.S. metro areas, reported $2.1 million in losses, or about two cents per common share. Earnings on funds from operations were up 29 cents per diluted share.

During the last quarter, the company repositioned after merging in April with Cousins as part of a deal that included 19 Houston buildings. Plans call for the newly combined company to spin off those office buildings under the ownership of a new publicly traded real estate investment trust named Parkway.

Parkway President James Heistand said: "We expect to consummate these transactions, which we believe will enhance shareholder value by creating two separate and highly focused REITs [real estate investment trusts], in the fourth quarter of 2016."

From last year, the company's lease revenues increased about $10 a square foot to $38.58.

B2B finance

Parkway's president led $1 million in financing for a new business-to-business payment application. With participation by Heistand, Loeb.nyc and other investors in the finance tech sector, Finexio routes payments through the most cost-effective payment choices.

UCF-area center

University Palms, a retail center with a Publix anchor and 99,200 square feet at Alafaya Trail and McCulloch Road, Orlando, was part of a seven-center acquisition of grocery-anchored centers in four states by Preferred Apartment Communities Inc. The company's wholly owned subsidiary New Market Properties LLC paid $158 million for the portfolio.

Decor space

The full-service decor center Occasions by Shangri-La purchased the Walker Brother Millworks building at 12800 W. Colonial Drive, Winter Garden, for $2 million. Matt Cichocki and Kevin O'Connor, principals at NAI Realvest, represented the former owner of the 1981 building that has 14,145 square feet on 2.2 acres.